Mattson Financial Services LLC Has $141,000 Holdings in The AZEK Company Inc. (NYSE:AZEK)

Mattson Financial Services LLC trimmed its position in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 68.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,003 shares of the company's stock after selling 6,418 shares during the period. Mattson Financial Services LLC's holdings in AZEK were worth $141,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Empowered Funds LLC acquired a new stake in shares of AZEK in the 4th quarter valued at approximately $27,000. FIL Ltd acquired a new stake in shares of AZEK in the 4th quarter valued at approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of AZEK by 623.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company's stock valued at $33,000 after buying an additional 592 shares during the last quarter. Avalon Trust Co acquired a new stake in shares of AZEK in the 4th quarter valued at approximately $38,000. Finally, Blue Trust Inc. boosted its holdings in shares of AZEK by 94.2% in the 4th quarter. Blue Trust Inc. now owns 1,808 shares of the company's stock valued at $85,000 after buying an additional 877 shares during the last quarter. 97.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AZEK has been the subject of several recent analyst reports. Wolfe Research reissued a "peer perform" rating on shares of AZEK in a report on Wednesday, March 26th. Robert W. Baird increased their price objective on AZEK from $48.00 to $52.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Stephens cut their price objective on AZEK from $58.00 to $53.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. BMO Capital Markets increased their price objective on AZEK from $54.00 to $57.00 and gave the company a "market perform" rating in a report on Monday, March 24th. Finally, UBS Group cut their price target on AZEK from $55.00 to $51.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, AZEK currently has a consensus rating of "Hold" and an average price target of $53.93.

Insider Activity

In related news, CEO Jesse G. Singh sold 15,000 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $41.03, for a total value of $615,450.00. Following the completion of the transaction, the chief executive officer now owns 868,765 shares of the company's stock, valued at $35,645,427.95. The trade was a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.20% of the stock is currently owned by company insiders.

AZEK Stock Performance

Shares of AZEK stock traded up $0.44 during trading on Friday, reaching $49.48. The company's stock had a trading volume of 6,559,124 shares, compared to its average volume of 2,299,836. The business's 50-day moving average price is $48.69 and its 200-day moving average price is $48.61. The firm has a market cap of $7.12 billion, a PE ratio of 49.98, a P/E/G ratio of 1.91 and a beta of 1.86. The AZEK Company Inc. has a 52 week low of $35.48 and a 52 week high of $54.91. The company has a quick ratio of 1.19, a current ratio of 2.56 and a debt-to-equity ratio of 0.31.

AZEK (NYSE:AZEK - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.01. The company had revenue of $452.23 million during the quarter, compared to analysts' expectations of $444.75 million. AZEK had a net margin of 9.85% and a return on equity of 13.47%. AZEK's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.39 earnings per share. Equities analysts forecast that The AZEK Company Inc. will post 1.34 earnings per share for the current year.

AZEK Profile

The AZEK Company Inc engages in the design, manufacturing, and selling of building products for residential, commercial, and industrial markets in the United States and Canada. It operates through two segments: Residential and Commercial. The Residential segment designs and manufactures engineered outdoor living products, such as decking, railing, trim and molding, siding and cladding, pergolas and cabanas, and accessories under the TimberTech, AZEK Exteriors, VERSATEX, ULTRALOX, StruXure, and INTEX brands.